JR Utsunomiya Line railway market report
- Type: Land
- Line: JR Utsunomiya Line
Koga Koga [1 stations] - Period: 2015 - 2Q
Apr, 2015 Jun, 2015
JR Utsunomiya Line Land market overview
The average price of JR Utsunomiya Line (Koga to Koga) Land, in Apr, 2015 to Jun, 2015 was 20,300 JPY/sq.m. The market value represents a decrease of 1,327 JPY (-6.1%) compared to 1 year ago and a transition to a bear market. 14 properties exchanged hands ( The market value represents a decrease of 7 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 551.8 sq.m (a -21.8% decrease compared to the 705.5 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.
0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Koga station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Koga station, where prices have decreased -13.8% compared to last year; a sq.m unit now costs 20,161 JPY/sq.m.
The top 1 stations has seen prices increase -13.8% (-3,220 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -13.8% (-3,220 JPY/sq.m).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 66.8 min in 2014 and 40.5 min in 2015; -39.4%)
Land stations market overview
The average price of Koga Land, the highest market value along this railway was 20,161 JPY/sq.m. The market value represents a decrease of 3,220 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 12 properties exchanged hands ( The market value represents a decrease of 6 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
The average price of Koga Land, the lowest market value along this railway was 20,161 JPY/sq.m. The market value represents a decrease of 3,220 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 12 properties exchanged hands ( The market value represents a decrease of 6 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
| JR Utsunomiya Line | This year(2015) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Koga | 20,161 JPYsq.m (0.0573sq.m) | 23,381 JPYsq.m (0.0772sq.m) | 33,873 JPYsq.m (0.0660sq.m) |
*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.
Noteworthy stations
Koga 20,161 JPY/sq.m (-14% compared with the previous year)
The average price of Koga Land was 20,161 JPY/sq.m. The market value represents a decrease of 3,220 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 12 properties exchanged hands ( The market value represents a decrease of 6 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 572.9 sq.m (a -25.8% decrease compared to the 771.7 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 67.9 min in 2014 and 42.2 min in 2015; -37.8%)
Breakdown of each segment
Station: Segment: